iShares Gold Trust Micro (NYSEARCA:IAUM) Sees Unusually-High Trading Volume

iShares Gold Trust Micro (NYSEARCA:IAUM) saw strong trading volume on Friday . 708,363 shares traded hands during mid-day trading, a decline of 12% from the previous session’s volume of 807,619 shares.The stock last traded at $23.84 and had previously closed at $23.76.

iShares Gold Trust Micro Trading Up 0.8 %

The firm’s 50-day moving average is $21.66 and its 200-day moving average is $20.52.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Theory Financial LLC grew its stake in shares of iShares Gold Trust Micro by 5.1% during the 3rd quarter. Theory Financial LLC now owns 189,170 shares of the company’s stock valued at $3,490,000 after acquiring an additional 9,121 shares during the period. Brookstone Capital Management bought a new position in shares of iShares Gold Trust Micro in the fourth quarter worth approximately $403,000. Atria Investments Inc increased its stake in shares of iShares Gold Trust Micro by 23.5% in the third quarter. Atria Investments Inc now owns 106,841 shares of the company’s stock worth $1,971,000 after purchasing an additional 20,317 shares in the last quarter. Ardent Capital Management Inc. bought a new stake in shares of iShares Gold Trust Micro during the 3rd quarter valued at $526,000. Finally, Rooted Wealth Advisors Inc. lifted its stake in shares of iShares Gold Trust Micro by 11.5% during the 3rd quarter. Rooted Wealth Advisors Inc. now owns 25,150 shares of the company’s stock valued at $497,000 after buying an additional 2,602 shares in the last quarter.

About iShares Gold Trust Micro

The iShares Gold Trust Micro (IAUM) is an exchange-traded fund that is based on the LBMA Gold Price index. The fund tracks the gold spot price, less expenses and liabilities, using gold bars held in vaults. IAUM was launched on Jun 15, 2021 and is managed by BlackRock.